CONSTI GROUP PLC STOCK EXCHANGE RELEASE 26 OCTOBER 2016, at 2.30 p.m.
Consti estimates net sales for 2016 to be lower than previously expected
Consti specifies its net sales guidance for 2016, due to slower than anticipated net sales realisation from order backlog during the second half of 2016. Also, order intake for July-September 2016 will be delivered for the most part in 2017.
Consti now estimates its net sales to grow compared to 2015. Previously Consti estimated its net sales to grow approximately 5-10 percent compared to 2015.
Consti's Interim Report January-September 2016 will be published on November 10 th 2016.
CONSTI GROUP PLC
Marko Holopainen, CEO, Consti Group Plc, Tel. +358 400 458 158
Esa Korkeela, CFO, Consti Group Plc, Tel. +358 40 730 8568
Nasdaq Helsinki Ltd.
Consti is a leading Finnish company concentrating on renovation and technical services. Consti offers comprehensive building technology, pipeline renovation, renovation contracting, façade renovation and other demanding construction and maintenance services for residential and commercial buildings. In 2015, Consti Group's net sales amounted to 256 million euro. It employs about 900 professionals in renovation construction and building technology.
Consti Group Plc is listed on Nasdaq Helsinki. The trading code is CONSTI. www.consti.fi